§ 92516 Bond Project Operational Requirements

• •If a project is funded by bonds, the people in charge must keep it running as much as possible.
• •They have to run the project in a smart and cost-effective way.
• •They can adjust how they run it if things change over time.

A university builds a new dorm using money from bonds.

The university must keep the dorm open and running smoothly, even if fewer students live there later. They can’t just close it unless there’s a really good reason.